9911796707
TMI BlogGross residuary incomeX X X X Extracts X X X X X X X X Extracts X X X X ..... nder section 99; (b) interest, other than interest accrued to, or received by, permitted financial institutions; (c) income from the activity of owning and maintaining horses for runnning in horse race; (d) any amount received from his employees as contributions to any fund setup for their welfare, if the income is not included under the head "Income from business"; (e) income from machinery, plant or furniture belonging to the person and let on hire, if the income is not included under the head "Income from business"; (f) any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy; (g) any amount received under a Keyman insurance policy including the sum allocated by way of bonus on such polic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the opinion of the Assessing Officer, satisfactory; (m) the value of any investment made by the person in the financial year to the extent for which,- (i) the person offers no explanation about the nature and source of the investments; or (ii) the person offers an explanation but fails to substantiate the explanation; or (iii) the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory; (n) the value of any money, bullion, jewellery or other valuable article owned by the person to the extent for which,- (i) the person offers no explanation about the nature and source of acquisition of the money, bullion, jewellery or other valuable article; or (ii) the person offers an explanation but fails to substantiate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... determined in the prescribed manner. (u) any consideration accrued, or received, in respect of transfer of any business asset, which is self-generated, if the consideration is not included under the head 'income from business'; (v) any amount accrued, or received, on account of the cessation, termination or forfeiture of any agreement entered by the person, if the amount is not included under the head 'income from business'; (w) any amount accrued, or received, as reimbursement of any expenditure incurred by the person, if the amount is not included under the head 'income from business'; (x) any amount received, or withdrawn, under any circumstances from the account maintained under the Capital Gains Savings Scheme representing the princip ..... X X X X Extracts X X X X X X X X Extracts X X X X
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